The Taiwan-based company will jointly design and manufacture smartphones and manage inventory for BlackBerry. New Foxconn-designed devices will be released in March or April 2014. They will target consumers in Indonesia and “other fast-growing markets,” according to BlackBerry.

Foxconn is best known for its manufacturing contract work on Apple’s iPhones and iPads.

“This partnership demonstrates BlackBerry’s commitment to the device market for the long-term and our determination to remain the innovation leader in secure end-to-end mobile solutions,” BlackBerry CEO John Chen said in a statement.

The partnership also offloads much of BlackBerry’s manufacturing costs.

BlackBerry began Friday reporting a $4.4 billion loss in the third quarter and a 56% percent drop in revenue. The company sold 1.9 million smartphones in the quarter, compared with 3.7 million the previous quarter. Most of them were older Blackberry 7 devices, according to the company.

Friday’s quarterly report was the first since Chen took over as chairman and chief executive.